--Energy major Shell and Japan's Mitsubishi Corp are considering selling stakes in their $28.8 billion LNG Canada project, and have both hired investment bankers to advise them on a deal, Reuters reported late Friday, citing unnamed sources.
--Shell has a 40% stake in the project and could offload as much as three-quarters of its holding--or 30% of the project--Reuters reported, citing the sources. Mitsubishi, which holds a 15% stake, is considering a sale but how much it could sell wasn't ascertained, the report said.
--Representatives for Shell declined to comment, while a Mitsubishi representative wasn't immediately available for comment, Reuters reported.
Full story: https://shorturl.at/jsGDx
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
01-19-26 0450ET
